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Home ยป Estonian Founders of HashFlare Bitcoin Mining Scam Jailed for 16 Months
Crypto & Web3

Estonian Founders of HashFlare Bitcoin Mining Scam Jailed for 16 Months

EditorBy EditorAugust 13, 2025No Comments3 Mins Read
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In brief Two Estonian men sentenced to 16 months for running HashFlare, a $577 million cryptocurrency Ponzi scheme that defrauded hundreds of thousands globally. The scheme promised crypto mining profits but showed fake returns while defendants spent investor funds on luxury goods. Authorities seized $450 million in assets for victim compensation, though prosecutors sought 10-year...

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